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Working capital loans for Quebec small businesses

Working capital is the money your business uses to pay its day-to-day expenses: payroll, rent, suppliers and inventory. When cash comes in late (a client who pays in 60 days, a slow season, a large order to prepare), a working capital loan keeps your operations running without dipping into your personal savings.

With Prêt Rapide, you fill out a single application and we send it to the partner lenders whose criteria match your profile. You then compare the offers you receive and choose the one that suits you, or none at all.

How does a working capital loan work?

A working capital loan is usually short-term financing: the business receives a lump sum and repays it in regular instalments over a period ranging from a few months to a few years. The amount, term, payment frequency and cost vary depending on the lender, your revenue and your business history.

Many alternative lenders focus mainly on your recent revenue and bank statements rather than on your credit score alone. The exact documents required are specified by the lender when it presents an offer.

Common uses

  • Paying staff and suppliers during a slow period
  • Building up inventory before a busy season
  • Preparing a large order or contract
  • Bridging the gap between invoicing and collecting receivables
  • Handling an unexpected expense without slowing down

Who is working capital financing for?

Working capital financing suits SMEs with steady revenue but fluctuating cash flow: retailers, restaurants, construction contractors, seasonal businesses, distributors and service providers that invoice on terms.

Eligibility criteria

To apply through Prêt Rapide, your business must meet the following criteria:

  • At least 6 months in business
  • At least $10,000 in monthly revenue
  • Business registered in Canada (incorporated, partnership or sole proprietorship: all structures accepted)

Applying with Prêt Rapide

  • Amounts from $10,000 to $1,000,000
  • No impact on your credit score when you apply
  • Free service for your business
  • Response within 24 hours

Frequently asked questions

A working capital loan usually pays out a fixed amount once, repaid on a set schedule. A line of credit gives you access to a limit you draw from as needed, and you only pay interest on what you use. The right choice depends on the nature of your need.

Applications sent through Prêt Rapide range from $10,000 to $1,000,000. The amount a lender agrees to finance depends mainly on your revenue, how long you have been in business and your ability to repay.

No. The Prêt Rapide form takes about two minutes and asks for no documents. If a lender makes you an offer, it may then ask for bank statements or other supporting documents.

Applying through Prêt Rapide has no impact on your credit score. A full credit check may be performed by a lender only if you decide to move forward with its offer.

Other financing solutions

Business line of credit

Flexible access to funds you use as needed, repayable as you go.

Merchant cash advance

Access your future revenue quickly, ideal for businesses with regular transactions.

Bridge financing

A short-term solution to cover an immediate need while waiting for more permanent financing.